Canadian dollar lao kip exchange rate history (CAD LAK) February 2024

Canadian dollar lao kip history for February 2024. The highest quote for this month is 15442 (17/02/2024) and the lowest 15444.3 (17/02/2024). The difference between high and low is -0.01.

CAD LAK average rate for February 2024 is 15379.82963, the change between 01/02/2024 and 29/02/2024 is +1.42 %.

01 February 2024	1 CAD = 15388.30 LAK
02 February 2024	1 CAD = 15482.30 LAK
03 February 2024	1 CAD = 15404.20 LAK
04 February 2024	1 CAD = 15415.60 LAK
05 February 2024	1 CAD = 15385.50 LAK
06 February 2024	1 CAD = 15209.40 LAK
07 February 2024	1 CAD = 15401.10 LAK
08 February 2024	1 CAD = 15441.20 LAK
09 February 2024	1 CAD = 15438.30 LAK
12 February 2024	1 CAD = 15290.60 LAK
13 February 2024	1 CAD = 15451.20 LAK
14 February 2024	1 CAD = 15332.70 LAK
15 February 2024	1 CAD = 15370.80 LAK
16 February 2024	1 CAD = 15462.00 LAK
17 February 2024	1 CAD = 15442.00 LAK
18 February 2024	1 CAD = 15437.40 LAK
19 February 2024	1 CAD = 15301.80 LAK
20 February 2024	1 CAD = 15275.40 LAK
21 February 2024	1 CAD = 15382.50 LAK
22 February 2024	1 CAD = 15418.20 LAK
23 February 2024	1 CAD = 15439.80 LAK
24 February 2024	1 CAD = 15425.40 LAK
25 February 2024	1 CAD = 15436.80 LAK
26 February 2024	1 CAD = 15263.30 LAK
27 February 2024	1 CAD = 15411.80 LAK
28 February 2024	1 CAD = 15378.70 LAK
29 February 2024	1 CAD = 15169.10 LAK

01/01/2021: Digitalization of the kip

The Bank of the Lao PDR introduced digital payment systems and promoted cashless transactions to modernize the use of the kip in the digital era.

07/11/2013: Change in banknote design and security features

The Bank of Canada introduced new polymer banknotes with enhanced security features and redesigned motifs, replacing the paper-based notes in circulation since 1935.

14/10/2013: Kip exchange rate liberalized

Laos liberalized its exchange rate regime, allowing the kip's value to be determined by market forces, leading to fluctuations in its value.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

02/05/1980: Revaluation of the kip

The Lao government initiated a revaluation of the kip, resulting in the exchange rate of 1 new kip to 100 old kip.

02/12/1976: Kip becomes the sole legal tender

The Lao kip was declared as the sole legal tender in Laos, replacing the use of other currencies within the country.

15/08/1971: Canada switches to a floating exchange rate

Canada abandoned its fixed exchange rate system and adopted a floating exchange rate, allowing the value of the Canadian dollar to fluctuate in response to market forces.

01/01/1952: Currency reform

Laos implemented a currency reform that replaced the French Indochinese piastre with the new kip, at an exchange rate of 100 new kip to 1 old piastre.

01/03/1950: Introduction of the Canadian dollar's decimalization

Canada adopted a decimal currency system, dividing the dollar into 100 cents, replacing the previous system based on pounds, shillings, and pence.

12/10/1945: Lao kip introduced

The Lao kip was first introduced as the official currency of Laos following the country's liberation from French colonial rule.

01/01/1933: Currency depreciation during the Great Depression

The Canadian dollar experienced significant depreciation during the Great Depression due to economic uncertainty and a decrease in international trade.

02/01/1914: Introduction of the Canadian Dollar Act

The Canadian Dollar Act established the Canadian dollar as the sole currency of Canada and gave the government control over its issuance.

01/01/1858: Introduction of the Canadian dollar

The Canadian pound was replaced by the Canadian dollar as the official currency of Canada, helping to unify the currency across the country.

01/01/1841: Introduction of the Canadian pound

The first Canadian currency was the Canadian pound, which was introduced to replace British pounds in the Province of Canada.

Historic Canadian dollar Lao kip